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The XRP Ledger has a mechanism to adjust the reserve requirements for long-term changes in the value of XRP. Any changes have to be approved by the consensus process. See Fee Voting for more information.
originally posted by: TheGOAT
originally posted by: projectvxn
a reply to: TheGOAT
They can just flood the market with them.
You have a serious lack of understanding how Ripple has structured XRP.
It is a liquidity driver trying to compete with Swift for market share. Something no one has done in 40 years.
You need a lot of coin, you need a method to control inflation(which xrp has) and you need a supply with tightly controlled disbursement.
They are trying to become a global reserve crypto currency for global banking.
Work on your math and data analysis then come back and comment.
I don't think you understand what I am trying to say here. I'll repeat myself:
XRP has Billions of coins, most not in circulation (shady), and they make them themselves. XRP has 100B in market cap, XRP is sitting at $2.46 cents. Where do you think this moon shot you're expecting is coming from? Thin air? You need market cap, and a ton of it to even hit $10. I'm talking like 100's of billions more.
To buy XRP right now is a waste of money. There are better coins that will give you higher returns. You like XRP, I get it, but shilling it this late in the game, nope. XRP has been around roughly 3 years now. THAT WAS THE TIME TO BUY, a year ago, not now as it's finally hitting it's usage stage.
If people want to make serious money, buy a coin that has promise and isn't released into testing or useage stage and catch the moon when it is. XRP is also on every single exchange and still sitting at 2.46. THat's another thing most don't look at. The exchanges it's on. Sorry XRP is MAXED TO THE MAX. The boat has sailed.